# Capital Allowances Act 2001, Section 270HA: Trades


If the qualifying activity of a person who is entitled to an allowance for a chargeable period is a trade, the allowance is to be given effect in calculating the profits of that person’s trade, by treating the allowance as an expense of the trade.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/270HA (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-270HA
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.